Stellantis CEO resigns as carmaker continues to struggle with slumping sales

Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram, amid an ongoing struggle with slumping sales.

Stellantis CEO resigns as carmaker continues to struggle with slumping sales
CEO Stellantis Carlos Tavares speaks during the Paris Automotive Summit on the sideline of the Paris Auto Show, in Paris, on Oct. 15.

Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep and Ram, amid an ongoing struggle with slumping sales.

(Image credit: Michel Euler)